Parkside Financial Bank & Trust Raises Stake in S&P Global Inc. $SPGI

Parkside Financial Bank & Trust lifted its stake in S&P Global Inc. (NYSE:SPGI) by 13.5% during the second quarter, HoldingsChannel reports. The firm owned 1,351 shares of the business services provider’s stock after purchasing an additional 161 shares during the period. Parkside Financial Bank & Trust’s holdings in S&P Global were worth $712,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. grew its stake in S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of S&P Global by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the period. Valeo Financial Advisors LLC grew its stake in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $495.89 on Friday. The stock’s 50-day moving average is $502.04 and its 200 day moving average is $516.52. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $150.15 billion, a P/E ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion during the quarter. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SPGI shares. Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Evercore ISI upped their price target on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $612.38.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.